Annual report pursuant to Section 13 and 15(d)

Operating Lease Obligations (Tables)

v3.22.2.2
Operating Lease Obligations (Tables)
12 Months Ended
Jun. 30, 2022
Operating Lease, Liability [Abstract]  
Lease Expense and Supplemental Balance Sheet Information Related to the Operating Lease Obligation

The following tables present the components of lease expense and supplemental balance sheet information related to the operating lease obligation (in thousands):

Year Ended

June 30, 

2022

Operating lease cost:

$

555

Total lease cost

$

555

 

  

Other information:

 

  

Cash paid for amounts included in the measurement lease liability:

 

  

Operating cash flows from operating lease

$

555

Operating cash flows from operating lease obligation

$

15

June 30, 

2022

Operating lease ROU assets

$

5,020

Operating lease obligations - current portion

$

101

Operating lease obligations - noncurrent portion

$

5,455

Weighted average remaining lease term - operating leases

 

23.64

Weighted average discount rate - operating lease obligations

 

7.25

Future Minimum Payments under the Operating Lease Obligation

Future minimum payments under the operating lease obligation are due as follows (in thousands):

Fiscal year ending on June 30:

    

Principal

    

Imputed Interest

    

Total

2023

$

101

$

359

$

460

2024

400

382

782

2025

 

448

 

352

 

800

2026

 

503

 

317

 

820

2027

 

560

 

279

 

839

Thereafter

 

3,544

 

3,217

 

6,761

 

  

 

  

 

  

Total minimum lease payments

 

5,556

$

4,906

$

10,462

Less: current portion

 

(101)

 

  

 

  

Long-term portion of minimum lease obligation

$

5,455